In today’s briefing:
- Bajaj Finance: Leveraging Its Platform to Deepen and Widen Its Product Penetration
Bajaj Finance: Leveraging Its Platform to Deepen and Widen Its Product Penetration
- Bajaj Finance Ltd (BAF IN) reported decent profitability. Growth was somewhat muted due to competition, however, this seems temporary.
- The immediate focus of BAF to drive the next leg of growth is to deepen its product penetration across its existing branches. Currently, only 3% branches have 80%+ products.
- BAF revealed its long-term strategic plan wherein it plans to enter into newer categories like Auto, Agri, and CV which comprise 28% of the Indian retail credit market.
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